Argentina's Senate on Thursday gave final approval to an unpopular austerity budget designed to meet the stiff requirements of a US$ 57.1 billion International Monetary Fund bailout. Approval came as a great relief for battered president Mauricio Macri, but also a double victory, since it opens the way for his reelection aspirations next year.
United States and Chinese negotiators have revived trade talks in the hopes of reaching a draft agreement before President Donald Trump and Chinese leader Xi Jinping meet face-to-face on the sidelines of the G20 meeting in Argentina.
At this weekend's G20 meeting in Buenos Aires, finance ministers and central bankers will address the economic situations threatening a number of emerging markets -- including host nation Argentina, which recently secured a US$50 billion IMF loan to try to stabilize its economy, after the peso plunged 35% between April and June.
UK Prime Minister Theresa May confirmed on Tuesday to Argentine cabinet chief Marcos Peña that she will be attending the G20 summit scheduled for next December in Buenos Aires. Mrs. May turned up at an office where her principal private secretary Peter Hill was holding a meeting with Peña at 10 Downing Street.
Argentina will be hosting the 2018 G20 summit of world leaders and is considering renting fighter aircraft from Brazil as part of the security preparations since the country's air force is mostly grounded or with very limited interception and strike capacity, according to Argentine military sources.
Argentine President Mauricio Macri spoke with US President-elect Donald Trump, who invited him to visit him in Washington next year. Argentina is a great country, and we will have the closest relationship between our countries in history, Trump reportedly said.